By Laura Lutz
Des Moines, Aug. 31 - Hill Station plc arranged a private placement of stock for £110.075 million.
The company will sell 31.45 million ordinary shares to private investors at 3.5p each.
Proceeds from the deal will be used to finance consolidation at the company's Cwmbran facility in South Wales and for working capital.
Hill Station is an ice cream producer located in Wiltshire, United Kingdom.
| Issuer: | Hill Station plc
|
| Issue: | Stock
|
| Amount: | £110.075 million
|
| Shares: | 31.45 million
|
| Price: | 3.5p
|
| Warrants: | No
|
| Pricing date: | Aug. 31
|
| Stock symbol: | London: HLL
|
| Stock price: | £4.125 at close on Aug. 31
|
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